The post New CLARITY Act Draft Could Land Next Week as Senate Faces 60-Vote Test appeared on BitcoinEthereumNews.com.
Key Takeaways Sources say the merged CLARITY Act adds over 70 pages and could drop the week of July 13. The bill needs 60 Senate votes; two Democrats warn unresolved ethics rules could cost their support. Floor action is targeted for the week of July 20, ahead of the Aug. 7 recess seen as the deadline. A Development That Could Change a Lot The new draft would fuse the versions produced by the Senate Banking and Agriculture Committees into a single text. Reporters following the effort said more than 70 pages of text have been added to the unified version, which is described as placing heavier emphasis on consumer protections than earlier drafts. With only three working weeks in July and the first week of August left before lawmakers scatter for the summer break and attention shifts to the fall midterm elections, the coming July 13 to Aug. 7 stretch stands to be a decisiv
The post Clarity Act Talks Continue as White House Responds to SEC, CFTC Nomination Dispute appeared on BitcoinEthereumNews.com.
Key Insights: The White House stated that Democrats never submitted SEC and CFTC nominees before the Clarity Act debate. The legislation would split crypto regulation duties between the US SEC and the CFTC. The US SEC plans a new crypto proposal as lawmakers continue Clarity Act negotiations. Clarity Act negotiations have entered another phase. The White House rejected claims that the Trump administration refused to nominate Democratic commissioners to the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission. The response came through a letter to Senate leaders. In that letter, the administration said it had already requested Democratic recommendations for the vacant positions. The exchange unfolded as lawmakers from both parties continued urging Congress to fill the minority seats before taking further action on the Clarity Ac
The post DAMCA Senate Vote: Ethics Fight Threatens Passage appeared on BitcoinEthereumNews.com.
Clarity Act News: A unified draft of the Digital Asset Market Clarity Act, merging work from the Senate Banking and Agriculture Committees, may be released as soon as next week, with advocates expecting the legislation to reach the Senate floor during the week of July 20. The merged text is said to have grown by more than 70 pages relative to prior versions, reflecting extensive committee-level negotiations, and places additional weight on consumer protections. This is not simply a procedural update. It is a narrow-window pressure test for whether a crypto market-structure framework can survive the Senate’s 60-vote threshold before summer recess forecloses the legislative calendar entirely. Clarity Act News: The Ethics Stalemate and What the AG Enforcement Clause Actually Said The bill’s central unresolved fault line remains ethics restrictions. Senate Democrats have demanded language barrin
The post CLARITY Act Merged Draft Nears Release, Faces 60-Vote Senate Test appeared on BitcoinEthereumNews.com.
CLARITY-ACT News A merged draft of the CLARITY Act, the sweeping U.S. crypto market-structure bill, could surface as early as the week of July 13, according to people tracking the negotiations. The revised text fuses the Senate Banking Committee and Agriculture Committee versions into a single document that has reportedly grown by more than 70 pages, with the additions said to sharpen consumer-protection language. The timing is pivotal: lawmakers have roughly three working weeks in July plus the first week of August before the chamber breaks for its summer recess. If the window closes without movement, the entire effort risks slipping into 2027, a delay that would prolong regulatory limbo for digital assets. The consolidated text still must clear a 60-vote threshold on the Senate floor, and a full-chamber vote is pencilled in for the week of July 20, ahead of the August 7 rec
The post Lummis Says Senate Nears Final Push on Landmark Crypto CLARITY Act appeared on BitcoinEthereumNews.com.
Lummis said the Senate is close to finalizing the CLARITY Act after months of difficult negotiations. Lawmakers continue resolving DeFi, ethics, and illicit finance issues before a final Senate vote. Regulators urged Congress to pass the CLARITY Act as analysts lowered its approval odds. Senator Cynthia Lummis said lawmakers are close to finalizing the Digital Asset Market CLARITY Act after months of negotiations, with the Senate aiming to release the bill’s final text and move it forward this month. Speaking to Fox Business, Lummis said negotiators have resolved several major disagreements, although the effort missed its original July 4 target. The Wyoming Republican said lawmakers have worked through difficult policy issues since last Labor Day. While most of the major disputes have been settled, she noted that a few outstanding issues still need to be resolved before the
The post New CLARITY Act Draft Expected Next Week as Senate Banking & Agriculture Committees Merge Text appeared on BitcoinEthereumNews.com.
The U.S. Senate is edging closer to a landmark moment in crypto regulation. A unified version of the Digital Asset Market CLARITY Act could drop as early as next week, according to people briefed on the negotiations, as Senate Banking and Agriculture Committee staff finalize a merged draft in a narrow window before the August recess. The push marks what could be the last real shot at passing comprehensive crypto market structure legislation in 2026. Two Senate Committees Unite on a Single New CLARITY Act Draft The Senate Banking Committee and the Agriculture Committee have had overlapping turf and were working for months on separate pieces of legislation. Banking was dedicated to the SEC’s regulation of digital asset securities, and agriculture was dedicated to the CFTC’s jurisdiction over digital commodities. This amalgamated version of the docum
The post Coinbase Legal Chief Steps Down: Is Clarity Act Dead? appeared on BitcoinEthereumNews.com.
The community’s reactions Has the Clarity Act stalled out? Paul Grewal, the chief legal officer who was responsible for steering Coinbase through some of its most turbulent regulatory battles, has suddenly announced that he is calling it quits. Grewal revealed on X that he will be stepping down to transition into an advisory role at the end of July. He will pass the torch to Molly Abraham, who will take over as the new General Counsel. Grewal’s achievements include taking the company public, defeating the SEC in court, and championing major legislation like the GENIUS and CLARITY Acts. ‘Not Happening’: Former SWIFT Exec Shuts Down XRP Integration Rumors XRP, Shiba Inu, Solana (SOL) and Ethereum (ETH) Price Analysis for June 10: Market Fuel Comes In Handy His sudden exit has obviously sent shockwaves through the crypto community. Notably, some have interpreted this as a sign that the l
Lawmakers may unveil a merged version of the Digital Asset Market Clarity (CLARITY) Act next week, potentially, with Senate floor action eyed for July 20. A Development That Could Change a Lot The new draft would fuse the versions produced by the Senate Banking and Agriculture Committees into a single text. Reporters following the effort […]
The post CFTC vacancies snag US crypto bill as global rivals advance appeared on BitcoinEthereumNews.com.
A shortage of staff at the Commodity Futures Trading Commission (CFTC) has stalled the Senate’s efforts regarding the Clarity Act, a delay the proponents fear could allow the rest of the world to dictate rules for the crypto industry worth about $2.2 trillion. In the case of crypto trading firms with a presence across different jurisdictions, the issue is about governance. The Clarity Act indicates that the CFTC would oversee the spot trading of digital commodities. Yet while this agency’s role is supposed to regulate this market, it currently has just one commissioner instead of five – Michael Selig, a Republican. The White House and Senate Democrats were arguing on Thursday, blaming each other for keeping the other four seats vacant. Selig has been upfront about the stakes involved. In a recent interview with Fox Business, Selig stated that if Congress does not take action, there
